Active Listing  ·  27 days on market

644 Peace Pipe Way

Georgetown, TX 78628
$399,000
4 Bed 3 Bath 2,361 sqft $169/sqft Built 2020 0.26 acres 2-Car Garage Pool RIVERVIEW

Light, bright and beautifully refreshed! This inviting Georgetown home offers an easy blend of comfort, style and convenience. Outside, the oversized backyard is a true standout—a blank canvas ready for your green thumb, outdoor entertaining, a garden retreat or simply more room to enjoy the Texas sunshine. This floorplan also offers lots of flexibility, with Bedroom 4 and a game room upstairs, while all other rooms are on the main floor.

The location also makes everyday life easy, with shopping, dining and schools just minutes away, plus quick access to IH-35 for convenient travel throughout Georgetown, Round Rock and the greater Austin area.

At $169/sqft, this home is 26% below the Georgetown active market average of $229/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

644 Peace Pipe Way, Georgetown, TX 78628

Property Details

Price $399,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,361 sqft
Lot Size 0.26 acres (11,173.14 sqft)
Year Built 2020
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision RIVERVIEW
County Williamson
Zip Code 78628
$/sqft $169/sqft
Days on Market ,
HOA $175/Quarterly
Annual Tax Est. $10,583.77
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244714947
List Date August 27, 2026
Elementary School Wolf Ranch Elementary
Middle School James Tippit
High School East View
School District ,

Luke Allen (TREC #788149) has deep knowledge of Georgetown and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

Schedule a Call →

Similar Homes on the Market in Georgetown

Comparable Listings Right Now

Homes currently for sale in Georgetown with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
221 Indian Shoal Dr
Shadow Canyon Ph 2
$399,900 $150 4 bd / 3 ba 2,662 sqft , 2026-07-30
105 Rough Creek Rd
Wolf Ranch
$400,000 $254 3 bd / 2 ba 1,574 sqft , 2026-09-16
341 Peace Pipe Way
Riverview
$390,000 $223 4 bd / 2 ba 1,749 sqft , 2026-07-03
313 Peace Pipe Way
Shadow Canyon Ph 2
$389,000 $166 4 bd / 3 ba 2,345 sqft , 2026-08-24
205 Indian Shoal Dr
Shadow Canyon Ph 2
$419,000 $217 3 bd / 2 ba 1,934 sqft , 2026-07-15

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$1,915/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$79,800
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$1,915
Principal + Interest−$2,178
Property Tax (~2.1% TX avg)−$698
Insurance (~0.5%)−$166
Est. Monthly Cash Flow $-1,127

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Georgetown, TX

Georgetown sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Dell Technologies HQ 20 min S
Apple Campus (Domain) 30 min S
Williamson County jobs hub 5-10 min

More Luxury Homes in Georgetown

Loading…
View All Luxury Homes →
About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on September 20, 2026.

📞 (254) 718-2567 [email protected] More about Luke →